House Committee Scheduled to Mark up Tax Extenders Bills

Tomorrow, the House Way & Means Committee is scheduled to debate bills that permanently extend several tax breaks. Two of these tax breaks benefit a small number of multinational corporations and would add $79 billion over 10 years to our deficits. These bills are important to the disability community because tax dollars that are lost (also known as “revenue forgone”) increase our deficits and, consequently, increase pressure to cut critical programs like Medicaid. Two tax extenders, in particular, included in H.R. 4429 & H.R. 4464 would benefit wealthy, multinational corporations that ship jobs and profits offshore.